Our Marvell Technology (MRVL) May Week One (5/6) 71 Put is deep in the money, so I am recommending we accept shares. We will continue to trade this core stock by selling calls to generate income.
Current Stock Price: $57.9
Cash in Hand: $1.76
Action: Accept shares
Cost Basis: $69.24
Potential Rate of Return: I am targeting breakeven for this position